Corbis acquires Demotix [updated]

corbis-newlogo

Corbis has acquired Demotix, the image and video agency built around communities of amateur and freelance journalists

Author: Olivier Laurent

Corbis and Demotix have not disclosed the terms of the deal, which will see the number two stock agency take over Demotix.

The deal comes a year after the two companies announced a "global media distribution partnership" which saw Corbis distributing Demotix' images and videos.

In an email sent to its contributors, the Demotix team writes: "The acquisition represents an enormous step towards our goal of becoming a truly competitive international photojournalism agency. Corbis have been an extremely supportive partners over the last 18 months, and the results of our collaboration are plain for all to see: doubling our contributor base, doubling our image and video ingest, and multiplying sales many times over."

The team adds that the acquisition "should only increase and deepen" these benefits.

According to the latest figures shared by Demotix, the agency has a community of more than 6,500 active freelance professional and semi-professional photographers and videographers, who contribute nearly 50,000 images monthly.

Gary Shenk, CEO of Corbis, says the deal will help Corbis provide more breaking news imagery to its clients, while Turi Munthe of Demotix adds that "this acquisition will serve to increase the impact and opportunities for Demotix contributors".

  • Comment
  • Print
  • RSS
  • LinkedIn

Comments

Taking on Getty

Interesting news,i was talking to a photographer who has supplied work to the demotix agency,he said that some members had been contacted and asked to participate in providing images for a new news wire service that demotix was setting up with corbis. Could that be one of the reasons corbis acquired demotix.

Posted by: Steven Dunbar on 26 Nov 2012 at 13:14

Demotix - Corbis in Sheeps clothing

Demotix once promised photogs a minimum $50 per published photo. Then they dumped that promise, and never seem to pay over 25 pounds, and often as low as 5. They often don't track your where your images have been published, and take months to pay. We're told this is industry standard, but they do NOTHING to assure their photographers other than words. Your risk, their profit. Now they've started a wire, where YOU AGREE to NO TRACSKING AT ALL for the first 48 hours, and they pay you out of a pool, which is paying some people under one pound per month. Meanwhile, you upload your work to Demotix, and Corbis takes a piece of it, and doesnt notify you, and if they sell it, maybe you get paid, maybe you dont. There's no way to know. The new sheister at the helm came online, and got so many questions about people getting pad that he had to run off like a scared little cat. I've seen disconnects between boss and employee before but Demotix thinks its ok for you to work for them for nothing. Its beyond ridiculous. Boycott them and Corbis.

Posted by: Screwed Over on 22 Feb 2013 at 08:46

Updating your subscription status Loading